The pair managed to breach 50% correction as shown on the graph extending the upside move towards 61.8% correction at 0.9610 levels as positivity might remain valid by stabilizing above 0.9375 levels. For this week, trading above 0.9450 levels will extend the possibility of pushing higher and ignoring the overbought signals shown on momentum indicators.
The trading range for this week is among key support at 0.9375 and key resistance at 0.9770.
The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.